Invest in India News

The Controller General of Accounts, Department of Expenditure, M/o Finance, GOI has launched the upgraded version of Central Pension Accounting Office (CPAO) website www.cpao.nic.in primarily to cater to the needs of central civil pensioners and other stakeholders in the Ministries/Departments and Banks.

Union Home Minister Shri Rajnath Singh met the Indian diaspora in Moscow yesterday. Addressing the gathering, the Home Minister expressed satisfaction with his visit to Russia and his talks with the various Russian leaders. He said that his visit had led to concrete outcomes to strengthen cooperation between India and Russia in the field of Security, Counter-terrorism, counter-radicalization, anti-drug trafficking, Counterfeit currency, Information Sharing and on training specialists in these fields.

In an immediate follow up action of last week's Cabinet approval for creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority under GST, the Government today issued orders appointing senior IAS officer Shri B.N. Sharma, as the first Chairman of this apex Authority in the rank of Secretary to Government of India.

Hon’ble Prime Minister launched the Saansad Adarsh Gram Yojana (SAGY) on 11th October, 2014. This was aimed at improving the wellbeing of selected Gram Panchayats (GPs) through convergence of programmes under the overall guidance of Hon’ble Members of Parliament. The Yojana is about improving access to public services and community action for social and economic development so that these villages become role models worth emulation by neighboring Gram Panchayats.

The Government of India, with the approval President of India, has constituted Fifteenth Finance Commission in pursuance of clause (1) of article 280 of the Constitution, read with the provisions of the Finance Commission (Miscellaneous Provisions) Act, 1951 w.e.f. 27thNovember, 2017. The Commission will make recommendations for the five years commencing on April 1, 2020.

Shri Alphons Kannanthanam, Hon’ble Minister of State Electronics & IT, in the workshop of District Managers of CSC mentioned that the Common Service Centre have to play a significant role in Digital India initiatives of the government. He said that CSC rural entrepreneurs have the ability to revolutionize India by empowering rural citizens and providing opportunities to access various government and other services. They can take forward the agenda of the government in serving the underserved especially those living in the rural India.

In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal under consideration of the Government to withdraw bank cheque book facility.

The water storage available in 91 major reservoirs of the country for the week ending on November 23, 2017 was 101.077 BCM which is 64% of total storage capacity of these reservoirs. This percentage was at 66 for the week ending on November 16, 2017. The level of water storage in the week ending on November 23, 2017 was 96% of the storage of corresponding period of last year and 95% of storage of average of last ten years.

During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the Act) was drafted more than 50 years ago and it needs to be re-drafted. Accordingly, in order to review the Act and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government has constituted a Task Force with the following Members:

During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the Act) was drafted more than 50 years ago and it needs to be re-drafted. Accordingly, in order to review the Act and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government has constituted a Task Force with the following Members:

The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the revision in the salaries, gratuity, allowances, pension etc. of the Judges of the Supreme Court and the High Courts and retired Judges of Supreme Court and High Courts. It follows the implementation of recommendations of the 7thCentral Pay Commission in respect of Civil Servants.

A consultative workshop on New National Policy on Biofuels & Pradhan Mantri Ji- Van Yojana (VGF for 2nd Generation Ethanol Bio Refineries) was organised here today by Ministry of Petroleum and Natural Gas for inviting suggestions for drafting a suitable roadmap for Biofuels in India.